by Glass tableware such as cups, glasses and mugs have been an integral part of households and restaurants in the United Kingdom. Glass is a durable and hygienic material for tableware and can withstand harsh cleaning regimes compared to plastic or ceramic materials. Glass does not crack or break easily, unlike ceramic materials. The transparent nature of glass allows the contents within to be viewed easily. Manufacturers have also incorporated designs in glasses and mugs which appeal to modern consumers.
The Global Glass Tableware Market Size is estimated to be valued at US$ 600.6 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the United Kingdom Glass Tableware are Berlin Packaging, Ardagh Packaging Group PL, Owens-illinois Inc., Origin Pharma Packaging and Vidrala SA Among Others.
Growing demand from households and restaurants has been driving the glass tableware market in recent years. The hygienic and durable properties of glass make it a preferred choice for consumers. Changing lifestyles and rising disposable incomes have also supported the growth of glass tableware consumption.
Leading manufacturers have been expanding their operations globally especially in developing regions of Asia Pacific and Middle East & Africa. The large populations and growing economies in these regions present lucrative opportunities for glass tableware companies.
Market Key Trends
One of the key trends witnessed in the United Kingdom Glass Tableware market is the rising demand for premium and designer tableware incorporating unique designs, textures and shapes. With improving aesthetics, manufacturers are experimenting with new color combinations, surface textures and finishings to make tableware an essential home décor accessory. This has expanded the target base beyond regular households to include luxurious homes and hotels.
Porter’s Analysis
Threat Of New Entrants: High capital requirement and stringent regulations pose threat to new entrants in this market.
Bargaining Power Of Buyers: Large retailers can negotiate lower prices from manufacturers.
Bargaining Power Of Suppliers: Raw materials required are commodities and widely available reducing supplier bargaining power.
Threat Of New Substitutes: Plastic and wooden tableware post threat of substitution with lower prices.
Competitive Rivalry: Intense competition exists among existing players to gain higher market share.
Geographical Regions
The United Kingdom holds the major share of around 35% in the global glass tableware market in terms of value owing to high demand for glassware from restaurants and hotels in the country. Factors such as availability of raw materials, advanced infrastructure and presence of prominent players drive the market in the UK.
Asia Pacific region is poised to be the fastest growing market during the forecast period with countries such as China, India and Japan emerging as lucrative markets. Rising disposable incomes, western influences on dining culture and expanding commercial food services industry are attributable to high growth prospects for glass tableware in Asia Pacific.
What Are The Key Data Covered In This United Kingdom Glass Tableware Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Glass Tableware Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Glass Tableware Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Glass Tableware Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United Kingdom Glass Tableware Market vendors
FAQ’S
Q.1 What are the main factors influencing the United Kingdom Glass Tableware market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United Kingdom Glass Tableware Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Glass Tableware market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
